Citing restrictions on short selling, credit and liquidity as drains on hedge funds in September, as many decided, instead, to sit on “significant cash balances,” Hennessee Group’s performance report for the month the average fund’s performance was the worst in a decade, with funds losing between 5% and 9%.

 

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.